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Rio Tinto PLC (RIO.L)

RIO.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Meridian Energy Underlying Net Profit After Tax NZ$317 Mln
Wednesday, 26 Aug 2020 

Aug 26 (Reuters) - Meridian Energy Ltd ::DECLARED A FINAL ORDINARY DIVIDEND OF 11.20 CENTS PER SHARE.FY UNDERLYING NET PROFIT AFTER TAX NZ$317 MILLION VERSUS NZ$333 MILLION.WHILE BUSINESS CASE FOR HARAPAKI IS "VERY SOUND", MARKET NEEDS TIME TO ADJUST TO RIO'S DECISION TO EXIT NZ.  Full Article

Scott Technology Awarded Contract By Rio Tinto
Friday, 7 Aug 2020 

Aug 7 (Reuters) - Scott Technology Ltd ::AWARDED FURTHER MULTI-MILLION DOLLAR CONTRACT BY RIO TINTO.CONTRACT TO PROVIDE & COMMISSION EQUIPMENT FOR NEW SAMPLE PREPARATION & ANALYSIS LABORATORY AT ROBE VALLEY MINE SITE.  Full Article

Rio Tinto Publishes Submission To Parliamentary Inquiry On Juukan Gorge
Tuesday, 4 Aug 2020 

Aug 4 (Reuters) - Rio Tinto Ltd ::RIO TINTO SUBMISSION TO JUUKAN GORGE PARLIAMENTARY INQUIRY-RIO.AX.PUBLISHES SUBMISSION TO PARLIAMENTARY INQUIRY ON JUUKAN GORGE.REITERATED DETERMINATION TO ENSURE DESTRUCTION OF HERITAGE SITES OF EXCEPTIONAL ARCHAEOLOGICAL AND CULTURAL SIGNIFICANCE NEVER OCCURS AGAIN.."CONTINUING TO MEET WITH TRADITIONAL OWNERS ACROSS AUSTRALIA AND REMAIN COMMITTED TO LISTENING AND LEARNING"."TAKEN ACTIONS TO STRENGTHEN GOVERNANCE, CONTROLS AND APPROVALS ON HERITAGE MATTERS.".HAVE TAKEN ACTIONS TO STRENGTHEN GOVERNANCE, CONTROLS AND APPROVALS ON HERITAGE MATTERS."AS A FIRST PRIORITY OUR AIM IS TO STRENGTHEN OUR PARTNERSHIP WITH PKKP".  Full Article

Rio Tinto Posts H1 Underlying Earnings Of $4,750 Million
Wednesday, 29 Jul 2020 

July 29 (Reuters) - Rio Tinto Ltd ::INTERIM ORDINARY DIVIDEND OF $2.5 BILLION.H1 NET EARNINGS $ 3,316 MILLION VERSUS $4,130 MILLION.INTERIM DIVIDEND OF $2.5 BILLION, EQUIVALENT TO 155 US CENTS PER SHARE.RECONFIRMED OUR 2020 PRODUCTION GUIDANCE ACROSS ALL COMMODITIES.H1 UNDERLYING EARNINGS $ 4,750 MILLION VERSUS $ 4,932 MILLION.NET DEBT AS AT H1 END $4,826 MILLION VERSUS NET DEBT OF $3,651 MILLION AS AT DEC 2019 END.FIRST HALF 2020 SALES WERE IMPACTED BY COVID-19 TRUCKING RESTRICTIONS WITHIN CHINA.CHINA'S GROWTH PATHWAY COULD IMPACT DEMAND FOR GROUP'S PRODUCTS OUTSIDE OF EXPECTATIONS.OYU TOLGOI OPEN PIT HAS CONTINUED TO OPERATE UNINTERRUPTED DESPITE COVID-19 AND PROXIMITY TO CHINA.$2.6 BILLION KOODAIDERI REPLACEMENT IRON ORE MINE PROGRESSING, WITH PRODUCTION RAMP-UP STILL EXPECTED TO OCCUR IN EARLY 2022.EXPECT TO ACCESS MORE GOLD IN SECOND HALF OF 2020 AT OYU TOLGOI.ZULTI SOUTH PROJECT AT RICHARDS BAY MINERALS (RBM) IN SOUTH AFRICA REMAINS ON FULL SUSPENSION.AT KEMANO PROJECT IN KITIMAT, TARGETING A RE-START OF TUNNEL EXCAVATION WORKS IN Q3, WITH COMPLETION NOW EXPECTED IN 2022.EXPECT TO SEE A PRODUCTION RECOVERY IN SECOND HALF OF 2020 AT KENNECOTT.  Full Article

Rio Tinto Files Complaint With ICA Over ISAL Smelter Power Deal
Wednesday, 22 Jul 2020 

July 22 (Reuters) - Rio Tinto Ltd ::RIO TINTO - RIO TINTO FILES COMPLAINT WITH ICELANDIC COMPETITION AUTHORITY OVER ISAL SMELTER POWER AGREEMENT.RIO TINTO - ASKING ICA TO ADDRESS ANTI-COMPETITIVE CONDUCT BY LANDSVIRKJUN THROUGH DISCRIMINATORY PRICING AND LONG-DURATION POWER CONTRACTS.  Full Article

Rio Tinto Says QTRLY Pilbara Iron Ore Shipments (100% Basis) 86.7 MT
Friday, 17 Jul 2020 

July 17 (Reuters) - Rio Tinto Ltd ::RIO TINTO LTD - QTRLY PILBARA IRON ORE SHIPMENTS (100% BASIS) 86.7 MT VERSUS 85.4 MT REPORTED A YEAR AGO.RIO TINTO LTD - QTRLY PILBARA IRON ORE PRODUCTION (100% BASIS) 83.2 MT VERSUS 79.7 MT REPORTED A YEAR AGO.RIO TINTO LTD - PRODUCTION GUIDANCE REMAINS UNCHANGED ACROSS ALL COMMODITIES FROM Q1 OPERATIONS REVIEW..RIO TINTO LTD - IN CHINA, CONDITIONS HAVE IMPROVED THROUGH Q2 AND APPEAR TO BE STABILISING.RIO TINTO LTD- CAPITAL EXPENDITURE IS EXPECTED TO BE AROUND $6 BILLION IN 2020.RIO TINTO LTD- CAPITAL EXPENDITURE FOR 2021 AND 2022 IS EXPECTED TO BE AROUND $7 BILLION PER YEAR.RIO TINTO-CHINA'S DEMAND FOR IRON ORE CONTINUES WHILE RECOVERY IN JAPAN & EUROPE IS YET TO BEGIN MEANINGFULLY AND IS LIKELY TO BE SUBDUED WHEN IT DOES.RIO TINTO LTD - CHINA'S COPPER CONCENTRATE MARKET REMAINS FAVOURABLE; HOWEVER, US MARKET IS WEAKER.RIO TINTO- SEES PILBARA IRON ORE 2020 UNIT COST WITHIN PREVIOUS GUIDANCE OF $14-$15 PER TONNE, INCLUDING ONE-OFF COVID-19 COSTS OF $0.50 PER TONNE.RIO TINTO LTD - IN CHINA, CONDITIONS HAVE IMPROVED THROUGH Q2 AND APPEAR TO BE STABILISING.RIO TINTO-CHINA'S DEMAND FOR IRON ORE CONTINUES WHILE RECOVERY IN JAPAN AND EUROPE YET TO BEGIN MEANINGFULLY, LIKELY TO BE SUBDUED WHEN IT DOES.RIO TINTO LTD - "FOLLOWING JUUKAN GORGE EVENTS IN PILBARA, ENGAGING EXTENSIVELY WITH TRADITIONAL OWNERS".RIO TINTO- PROGRESSING RETURN TO NORMAL ROSTERS AT IRON ORE OPERATIONS IN WESTERN AUSTRALIA; EXPECT TRANSITION TO BE COMPLETED BY AUGUST.  Full Article

Rio Tinto Announces Heritage Process Review Following Events At Juukan Gorge
Friday, 19 Jun 2020 

June 19 (Reuters) - Rio Tinto Ltd ::RIO TINTO ANNOUNCES BOARD-LED HERITAGE PROCESS REVIEW-RIO.AX.REVIEW WILL COMMENCE IMMEDIATELY, WITH FINAL REPORT TARGETED BY OCTOBER 2020.LAUNCHED REVIEW FOLLOWING EVENTS AT JUUKAN GORGE.REVIEW WILL BE CONDUCTED BY MICHAEL L'ESTRANGE AO, AN INDEPENDENT NON-EXECUTIVE DIRECTOR.REVIEW WILL APPRAISE RIO TINTO'S INTERNAL HERITAGE STANDARDS, PROCEDURES, REPORTING AND GOVERNANCE.  Full Article

Rio Tinto Ltd Files For Potential Mixed Shelf Offering; Size Not Disclosed
Thursday, 7 May 2020 

May 6 (Reuters) - Rio Tinto Ltd ::RIO TINTO LTD FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Antipa Minerals Says Revised Citadel Joint Venture Project 2020 Exploration Programme Finalised
Friday, 24 Apr 2020 

April 24 (Reuters) - Antipa Minerals Ltd ::REVISED CITADEL JOINT VENTURE PROJECT 2020 EXPLORATION PROGRAMME FINALISED.CITADEL 2020 EXPLORATION PROGRAMME TO BE OPERATED & FULLY FUNDED BY RIO TINTO EXPLORATION.BUDGETED COST OF CITADEL 2020 EXPLORATION PROGRAMME $9.2 MILLION.  Full Article

Rio Tinto Ltd Posts Qtrly Pilbara Iron Ore Shipments (100% Basis) 72.9 MT
Friday, 17 Apr 2020 

April 17 (Reuters) - Rio Tinto Ltd ::QTRLY PILBARA IRON ORE SHIPMENTS (100% BASIS) 72.9 MT VERSUS 69.1 MT AS REPORTED LAST YEAR.QTRLY PILBARA IRON ORE PRODUCTION (100% BASIS) 77.8 MT VERSUS 76 MT A YEAR AGO.QTRLY ALUMINIUM PRODUCTION 783 KT VERSUS 796 KT AS REPORTED LAST YEAR.CAPITAL EXPENDITURE IS NOW EXPECTED TO BE $5 TO 6 BILLION IN 2020.CAPITAL EXPENDITURE ORIGINALLY PLANNED FOR 2020 MAY SUBSEQUENTLY FLOW INTO 2021 AND 2022.QTRLY MINED COPPER PRODUCTION OF 133.0 THOUSAND TONNES WAS 8% LOWER.SEES 2020 PRODUCTION OF MINED COPPER AT 475 TO 520 KT.DEMAND IN CHINA CONTINUES TO RECOVER.RIO TINTO, WITH RESPECT TO COVID-19, SAYS "IN REST OF WORLD, OUTLOOK IS MORE UNCERTAIN".SEES 2020 PRODUCTION OF REFINED COPPER BETWEEN 165 TO 205 KT.2020 FORECAST FOR BAUXITE, ALUMINA, ALUMINIUM, PILBARA IRON ORE SHIPMENTS (100% BASIS) UNCHANGED.COVID-19 RESTRICTIONS MAY IMPACT SCHEDULE RANGE FOR OYU TOLGOI UNDERGROUND PROJECT.ALL MAJOR PROJECTS PROGRESSED WELL IN Q1, BUT NOW BEING AFFECTED BY COVID-19 INCLUDING GOVERNMENT IMPOSED RESTRICTIONS.CONSTRUCTION OF SECOND TUNNEL AT KEMANO HYDROPOWER FACILITY IN BRITISH COLUMBIA PUT ON CARE & MAINTENANCE DUE TO CONTRACTOR AVAILABILITY.MINED & REFINED COPPER OUTLOOK LOWERED ON LIKELY REDUCTION IN H2 OUTPUT AT ESCONDIDA FROM COVID-19 MEASURES, EARTHQUAKE REPAIR AT KENNECOTT.LOWERS 2020 PRODUCTION GUIDANCE OF MINED COPPER TO 475 TO 520 KT FROM 530 TO 570 KT.LOWERS 2020 PRODUCTION GUIDANCE OF REFINED COPPER TO 165 TO 205 KT FROM 205 TO 235 KT.  Full Article

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Rio Tinto has not formally committed to review threatened sites, Aboriginal group says

MELBOURNE Mining giant Rio Tinto has not formally committed to review the terms of an iron ore mine development that would let it destroy 124 culturally significant sites, a group representing Aboriginal traditional owners said on Monday.